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Analysts review Silk Road Medical Inc’s rating

Silk Road Medical Inc’s filing revealed that its Director Ballinger Kevin J. acquired Company’s shares for reported $0.2 million on Mar 05 ’24. In the deal valued at $16.99 per share,11,700 shares were bought. As a result of this transaction, Ballinger Kevin J. now holds 17,807 shares worth roughly $0.39 million.

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Then, Buchanan Lucas W. sold 9,877 shares, generating $169,578 in total proceeds. Upon selling the shares at $17.17, the COO/CFO now owns 500,925 shares.

Before that, Davis Andrew S. sold 5,481 shares. Silk Road Medical Inc shares valued at $94,103 were divested by the Chief Commercial Officer at a price of $17.17 per share. As a result of the transaction, Davis Andrew S. now holds 287,773 shares, worth roughly $6.34 million.

Argus upgraded its Silk Road Medical Inc [SILK] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Lake Street began covering SILK with “Buy” recommendation on January 03, 2024. Wolfe Research revised its rating on October 24, 2023. It rated SILK as “a Peer perform” which previously was an “an Underperform”.

Price Performance Review of SILK

On Tuesday, Silk Road Medical Inc [NASDAQ:SILK] saw its stock fall -3.08% to $22.04. Over the last five days, the stock has gained 4.50%. Silk Road Medical Inc shares have risen nearly 79.63% since the year began. Nevertheless, the stocks have fallen -28.42% over the past one year. While a 52-week high of $34.13 was reached on 05/16/24, a 52-week low of $6.08 was recorded on 01/05/24. SMA at 50 days reached $18.74, while 200 days put it at $14.98. A total of 0.56 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For SILK Stock

The 24-hour chart illustrates a support level at 21.68, which if violated will result in even more drops to 21.32. On the upside, there is a resistance level at 22.53. A further resistance level may holdings at 23.02. The Relative Strength Index (RSI) on the 14-day chart is 62.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.99%. Stochastics %K at 88.30% indicates the stock is a selling.

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